Post Tagged with: "Heavy Oil"

Canadian Crude Gulf Coast Exports Rise as Venezuelan Gap is Filled: Reuters

Canadian Crude Gulf Coast Exports Rise as Venezuelan Gap is Filled: Reuters

From Reuters

HOUSTON (Reuters) – Heavy crudes have poured into the United States this spring, offsetting the loss of Venezuelan oil and producing a mini-surplus, with Canadian heavy crude this month being exported from the U.S. Gulf Coast.

U.S. refiners …

U.S. Refiners’ 2020 Plans Could Change as Heavy Fuel Has Become Less Abundant, More Expensive

U.S. Refiners’ 2020 Plans Could Change as Heavy Fuel Has Become Less Abundant, More Expensive

Marathon nixes coking unit in Louisiana – loss of supply from Venezuela, Canada, OPEC narrows price differential

From Reuters

NEW YORK (Reuters) – U.S. refiners had a plan for 2020: use their complex operations to maximize profits by making products …

May 10, 2019 - 1:40 pm Closing Bell Story‎, Commodity Pricing, Downstream
IMO 2020 Could Trigger Refinery Closures Outside U.S.

IMO 2020 Could Trigger Refinery Closures Outside U.S.

From the Houston Chronicle

As the global refining industry readies for the shipping industry’s shift to cleaner-burning marine fuels, analysts are warning that not all refineries are ready for what could be one of the biggest regulatory shocks to the …

March 22, 2019 - 5:44 am Closing Bell Story‎, Downstream
Saudi Arabia May Target U.S. Refiners with 40% Oil Export Cut

Saudi Arabia May Target U.S. Refiners with 40% Oil Export Cut

From Bloomberg

After flooding the U.S. market in recent months, Saudi Arabia plans to slash exports to the world’s largest oil market in the coming weeks, in an effort to dampen visible build-ups in crude inventories.

U.S. refineries given notice

December 14, 2018 - 3:34 pm Closing Bell Story‎, Downstream
The U.S. Imports More Oil from Canada than All OPEC Countries Combined

The U.S. Imports More Oil from Canada than All OPEC Countries Combined

80% of the imported Canadian oil is heavy oil
According to EIA data, in 2017, the United States imported approximately 7.969 MMBOPD of all grades of crude oil from about 80 countries. The EIA calculates that 3.117 MMBOPD came from

December 11, 2018 - 2:51 pm Canada, Closing Bell Story‎, Downstream, Oil Sands
Lack of Pipelines Will Cost Canadian Energy Sector $15.8 Billion in 2018: Fraser

Lack of Pipelines Will Cost Canadian Energy Sector $15.8 Billion in 2018: Fraser

Inadequate pipeline capacity to U.S. and no pipelines to move oil to tidewater ports forces Canadian oil to sell at a big discount

Canada’s shortage of pipeline capacity is continuing to drive down the price of Canadian oil and it’s …

PentaNova Llancanelo Aerial View

PentaNova and YPF Heading to Argentina’s Largest Heavy Oil Fields

PentaNova Energy Corp. (ticker: PNO) signed the final agreement with Argentina’s National Oil Producer YPF to farm in on 11% of the Llancanelo heavy oil field. The agreement takes PentaNova to a 50% working interest partnership in the field.

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